What Are The Executor’s Responsibilities?
A Will names an executor who has the power to petition the Surrogate’s Court to probate it. An executor is the “personal representative” and fiduciary of the decedent and as such must administer the estate. The executor must ensure that the Will is carried out. In general, the executor must:
- Handle funeral arrangements and pay for the funeral;
- Pay any outstanding bills of the estate;
- Collect and preserve assets;
- Pay debts, taxes and administration expenses of the estate; and
- Distribute estate assets according to the terms of the will.
For further information, read the free New York Executor’s Legal Survival Guide or call Buffalo and WNY Estate Planning Attorney Bob Friedman at 716 631 9999 or toll-free at 800 729 4571.
